You may sell shares through your investment professional or by contacting Pioneer
directly. We provide several convenient methods for selling shares. Whichever method you
choose, shares will be sold at the net asset value, less any applicable contingent
deferred sales charge (CDSC), next determined after we receive your complete request. If
your complete request is received after the close of the New York Stock Exchange (usually
4:00 p.m. Eastern time), shares will be sold using the price of the next business day.

Please note, if your account does not have a certified tax identification number, Backup
Withholding may be deducted from the proceeds.

The registration or address of record has changed within the last 30 days.

The proceeds are not being mailed to the account's address of record.

The proceeds are not being made payable to the registered owner(s).

You are selling shares from a retirement account, other than an Individual Retirement
Account. Contact your investment professional, or our Retirement Specialists at
1-800-622-0176, for more information.

Use the information presented here as a general guide. Your circumstances may vary;
talk to your investment professional, or call one of our Customer Service Representatives
at 1-800-225-6292.

Please refer to the fund's prospectus for more complete information.

Selling by FactFoneSM

You may redeem shares using FactFoneSM, our automated
phone service, by dialing 1-800-225-4321.

If you have an eligible non-retirement account, you may sell up to $100,000 per account per day online. You may not sell your shares by phone or online if you have changed your address (for checks) or your bank information (for wires or transfers) in the last 30 days. You may receive your sale proceeds:

By check, provided the check is made payable exactly as your account is registered

By bank wire or by electronic funds transfer, provided the sales proceeds are being sent to your bank address of record

To use online transactions, you must read and agree to the terms of an online transaction agreement available on this site. When you or your investment firm requests an online transaction, requires an authorizing password and sends a written confirmation. The fund may implement other procedures from time to time. Different procedures may apply if you have a non-U.S. account or if your account is registered in the name of an institution, broker-dealer or other third party. You may not be able to use the online transaction privilege for certain types of accounts, including most retirement accounts.

For more information about exchanging shares online, please see any Pioneer fund prospectus. They are available on this site.

Selling by Telephone

If you have already authorized Pioneer to accept telephone instructions, you may redeem
shares from your regular accounts by calling us at 1-800-225-6292. You may also redeem
shares from your Individual Retirement Account (IRA) by calling us at 1-800-622-0176.

To authorize telephone redemptions, send a completed Account Options form to Pioneer
Investment Management Shareholder Services, Inc., P. O. Box 55014, Boston, MA 02205-5014. Be sure to include your 14-digit
Pioneer account number, the last 4 digits of your social security number and phone number. To obtain a form, contact
your investment professional, or call us at 1-800-225-6292.

When you call, please be ready with your 14-digit Pioneer account number, 4-digit
personal identification number (PIN) and redemption amount. If redeeming from an IRA
account, you will also be asked to state whether or not you want federal income tax
(TEFRA) withheld from the proceeds.

There is a maximum telephone and/or fax redemption amount of $100,000 per account per day.

Selling by Fax

You may redeem shares from your regular or Individual Retirement Account account by
faxing a letter of instruction to 1-800-225-4240.

There is a maximum telephone and/or fax redemption amount of $100,000 per account per day.

Your redemption request should include your account registration, 14-digit Pioneer
account number and redemption amount. For Individual Retirement Accounts (IRA) and
Simplified Employee Plan/IRA accounts, you must also specify if federal income tax (TEFRA)
is to be withheld from the proceeds. All registered owners must sign the request.

Your request must include your 14-digit Pioneer account number, tax identification
number and redemption amount. All registered owners must sign the request. For Individual
Retirement Accounts (IRA) and Simplified Employee Plan/IRA accounts, you must also specify
if federal income tax (TEFRA) is to be withheld from the proceeds.

Some redemption transactions may require a Signature Validation Program Stamp.
Fiduciaries and corporations may be required to submit additional documents. Additional documents may also be required in the
event of the death, divorce or incapacitation of a registered shareowner.

For more information about redeeming from regular accounts, contact your investment
professional, or call us at 1-800-225-6292. For retirement accounts, contact your
investment professional, or call us at 1-800-622-0176.

Selling by Systematic Withdrawal Plan (SWP)

Pioneer's Systematic Withdrawal Plan (SWP) lets you automatically sell shares from your
Pioneer account on a regular basis. Your withdrawals will continue until
you choose to change or cancel the plan, or the account balance is exhausted.

When establishing a SWP, keep in mind that:

Your account must have a value of at least $10,000 when you establish the plan.

The minimum payment amount is $50. Payments from Class B and Class C Share accounts are
limited to 10% of the account value when you establish the plan; otherwise, there is no
maximum payment amount.

Before investing, consider the product's investment objectives, risks, charges and expenses. Contact your advisor or Pioneer Investments for a prospectus or summary prospectus containing this information. Read it carefully. To obtain a free prospectus or summary prospectus and for information on any Pioneer fund, please download it here.